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Thoughts on GSAT (Globalstar - Covington, LA)? (Updated 5/14)

Posted on 5/5/16 at 11:04 am
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80778 posts
Posted on 5/5/16 at 11:04 am
Does anyone follow this stock/company? As I understand, they are all in on TLPS approval by the FCC, yet the FCC is giving no timetable on when it will be voted on. Anyone familiar with this company and the future outlook?

DISCLAIMER- OP is from 2016. Updated below
This post was edited on 5/14/17 at 8:48 pm
Posted by WavinWilly
Wavin Away in Sharlo
Member since Oct 2010
8782 posts
Posted on 5/5/16 at 12:24 pm to
TLPS basically vaporware.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80778 posts
Posted on 5/13/16 at 5:52 pm to
Lo and behold, the stock pops 35% today and then another 22% after hours...
Posted by Serraneaux
South of 30a
Member since Mar 2014
19677 posts
Posted on 5/13/16 at 8:47 pm to
I was watching it thanks the OP but didn't have a position. Good call!
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80778 posts
Posted on 5/14/17 at 8:47 pm to
Bloomberg saying GSAT hired a firm to explore potential sale. Stock popped on Friday. Anyone in the know?
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